Aquis weekly movers: Shepherd Neame beer volumes continue to decline but profit improves.

Kevin Hastings has a 3.51% stake in Marula Mining (LON: MARU). The share price recovered 32.4% to 5.625p.

IntelliAM AI (LON: INT) finance director David Khan bought 10,000 shares at 67p each. The share price rose 8% to 67.5p.

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FALLERS

Selling of Watchstone Group (LON: WTG) shares, predominantly of small numbers, has knocked one-third from the share price leaving it at 2p.

Farzad Peyman has bought 461,333 shares in ChallengerX (LON: CXS) at an average price of around 0.215p. The share price fell 10% to 0.225p.

EDX Medical (LON: EDX) is raising £3m at 14p each, which is a premium to the market price. This will be invested in the prostate cancer test. Founder Professor Sir Chris Evans invested £740,000 and chief executive Dr Mike Hudson and director Martin Walton each subscribed for 60,714 shares. The share price declined 7.27% to 12.75p.

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Brewer Shepherd Neame (LON: SHEP) reported a dip in interim revenues from £89m to £85m, while underlying pre-tax profit improved from £3.8m to £4.2m. NAV rose from 1192p/share to 1221p/share. Net debt was £84.4m at the end of December. The interim dividend is 4% higher at 4.35p/share. Brewing volumes fell, but there was an improvement in profitability. Like-for-like pub revenues were higher. Beer volumes continue to decline, while retail sales continue to increase. There will be an additional £1.5m of costs due to new distribution agreements, which have improved service levels. Other cost increases that are coming off will be mitigated over the coming 18 months. The share price dipped 1.01% to 490p.

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